WallStSmart

Netstreit Corp (NTST)vsSimon Property Group Inc (SPG)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Simon Property Group Inc generates 3125% more annual revenue ($6.65B vs $206.16M). SPG leads profitability with a 70.6% profit margin vs 5.3%. SPG trades at a lower P/E of 14.1x. SPG earns a higher WallStSmart Score of 63/100 (C+).

NTST

Buy

57

out of 100

Grade: C

Growth: 9.3Profit: 5.5Value: 5.7Quality: 4.0
Piotroski: 5/9Altman Z: 0.87

SPG

Buy

63

out of 100

Grade: C+

Growth: 7.3Profit: 9.0Value: 4.0Quality: 3.0
Piotroski: 4/9Altman Z: 0.36
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NTSTUndervalued (+49.9%)

Margin of Safety

+49.9%

Fair Value

$38.45

Current Price

$19.99

$18.46 discount

UndervaluedFair: $38.45Overvalued
SPGSignificantly Overvalued (-28.0%)

Margin of Safety

-28.0%

Fair Value

$152.15

Current Price

$210.31

$58.16 premium

UndervaluedFair: $152.15Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NTST4 strengths · Avg: 9.5/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
37.7%10/10

Strong operational efficiency at 37.7%

EPS GrowthGrowth
177.0%10/10

Earnings expanding 177.0% YoY

Revenue GrowthGrowth
24.3%8/10

Revenue surging 24.3% year-over-year

SPG6 strengths · Avg: 9.2/10
Return on EquityProfitability
96.3%10/10

Every $100 of equity generates 96 in profit

Profit MarginProfitability
70.6%10/10

Keeps 71 of every $100 in revenue as profit

Operating MarginProfitability
43.4%10/10

Strong operational efficiency at 43.4%

Market CapQuality
$77.34B9/10

Large-cap with strong market position

P/E RatioValuation
14.1x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
19.3%8/10

19.3% revenue growth

Areas to Watch

NTST4 concerns · Avg: 2.8/10
Market CapQuality
$1.98B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.7%3/10

ROE of 0.7% — below average capital efficiency

Profit MarginProfitability
5.3%3/10

5.3% margin — thin

P/E RatioValuation
168.8x2/10

Premium valuation, high expectations priced in

SPG4 concerns · Avg: 2.3/10
Price/BookValuation
13.2x4/10

Trading at 13.2x book value

PEG RatioValuation
8.742/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.362/10

Distress zone — elevated risk

Debt/EquityHealth
5.961/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : NTST

The strongest argument for NTST centers on Price/Book, Operating Margin, EPS Growth. Revenue growth of 24.3% demonstrates continued momentum.

Bull Case : SPG

The strongest argument for SPG centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 70.6% and operating margin at 43.4%. Revenue growth of 19.3% demonstrates continued momentum.

Bear Case : NTST

The primary concerns for NTST are Market Cap, Return on Equity, Profit Margin. A P/E of 168.8x leaves little room for execution misses.

Bear Case : SPG

The primary concerns for SPG are Price/Book, PEG Ratio, Altman Z-Score. Debt-to-equity of 5.96 is elevated, increasing financial risk.

Key Dynamics to Monitor

SPG carries more volatility with a beta of 1.36 — expect wider price swings.

NTST is growing revenue faster at 24.3% — sustainability is the question.

SPG generates stronger free cash flow (625M), providing more financial flexibility.

Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SPG scores higher overall (63/100 vs 57/100), backed by strong 70.6% margins and 19.3% revenue growth. NTST offers better value entry with a 49.9% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Netstreit Corp

REAL ESTATE · REIT - RETAIL · USA

NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single tenant net lease retail properties nationwide.

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Simon Property Group Inc

REAL ESTATE · REIT - RETAIL · USA

Simon Property Group, Inc. is a real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.

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